Clinton Defends Big Banks & Repeal of Glass-Steagall

Posted Jan 6, 2016 by Martin Armstrong

Hillary’s big money comes from NY bankers. Guess what? Hillary is defending the bankers as is her husband. Hillary claims she would endorse an approach that would break up large banks if they take excessive risks. That is very vague. However, Hillary has also stated bluntly that reinstating Glass-Steagall would not address the types of institutions that have risen since the law was written in the 1930s.

The Clinton’s championed Goldman Sachs, the birth of transactional banking, and made student loans non-dischargeable in bankruptcy. It was the Clintons who also opened the door to the housing bubble in 2007 that wiped out the middle class. Nobody calls her out on this shit, which shows how biased the press really is these days (the editors more so than the journalists).